📉 Bull Trap Alert on BTCDOM! 🚨

Yes, the current rally shows strong signs of a bull trap — and here’s why:

🔴 Critical Red Flags:

Stochastic Overbought (85.4): Momentum is maxed out! Risk of reversal is high.

Volume Crash: From 15.35K ➡️ 2.48K – classic volume-price divergence.

1-Month Rally Without Fundamentals: This screams trap for long-term buyers!

⚠️ Bull Trap Confirmation?

Watch Resistance (~5,600–6,000): Rejection here with a bearish candle = 🔄 reversal likely.

Stochastic Divergence: A drop below 80 while price stays up = early warning.

🧭 Key Levels:

Resistance: 5,600–6,000

Support: 3,200–2,800

💡 Strategy:

🔹 If Long: Take partial profits. Move SL to 4,800.

🔹 If Short: Wait for breakdown below 4,800. Target: 3,600–3,200.

🔹 If Neutral: No new longs until momentum cools off (Stoch < 50).

📊 Why This is a Likely Trap:

Mean reversion is due ⚖️

Volume fading fast 👻

Macro risk-on shift could tank BTCDOM

👉 Stay smart. Wait for confirmation. Protect your capital.

Always use stop-losses! 🔒

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